This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $85,956 initial cash invested.
-2.33%
Cash On Cash
6.44%
Cap Rate
0.97
DSCR
$2,859
Rent
-$167
Cashflow
Cash Flow
$2,859 income − $3,026 expenses = $167 out of pocket
Investment Breakdown
|
Purchase Price
$324k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$85,956
Downpayment
20%
$64,720
Closing costs
1%
$3,236
Rehab
0%
$0
Furnishing
6%
$18,000
Cashflow
Total Income
$2,859
Total Expenses
$3,026
Mortgage P&I
63%
$1,789
Property Taxes
5%
$150
Home Insurance
4%
$116
HOA
0%
$0
Property Management
12%
$343
CapEx
4%
$114
Vacancy
3%
$86
Maintenance
4%
$114
Other
11%
$314